Nigeria’s Student Housing Crisis: Why Investors Are Rushing to University Towns
Student Housing Demand at Record High
Nigeria’s student population is growing faster than universities can provide accommodation. In 2025, over 70% of university students live off-campus, creating a strong market for private rentals.
For investors, student housing is becoming one of the most consistent rental income streams in the country.
Hotspots for Student Housing Investment
-
Ile-Ife – Obafemi Awolowo University’s limited hostels force students to seek private accommodation.
-
Nsukka – University of Nigeria, Nsukka attracts thousands of students yearly from across the country.
-
Akoka, Lagos – Proximity to University of Lagos and Yaba College of Technology creates high demand.
-
Zaria – Ahmadu Bello University’s massive intake makes Zaria a steady rental market.
Why It’s Attractive for Investors
-
High Occupancy Rates – Student housing can maintain 90–100% occupancy.
-
Multiple Income Streams – Room rentals, shared facilities, and service charges.
-
Quick ROI – Affordable construction and fast turnover of tenants.
Investment Tip
Focus on shared apartment designs with multiple bedrooms and common areas. This maximizes rental income per building and keeps prices affordable for students.
